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Atul Ltd.

BSE: 500027 Sector: Industrials
NSE: ATUL ISIN Code: INE100A01010
BSE LIVE 10:21 | 24 Jul 2224.95 -73.65
(-3.20%)
OPEN

2280.50

HIGH

2280.50

LOW

2214.00

NSE 10:06 | 24 Jul 2233.95 -59.70
(-2.60%)
OPEN

2280.00

HIGH

2280.05

LOW

2227.00

OPEN 2280.50
PREVIOUS CLOSE 2298.60
VOLUME 1765
52-Week high 2588.00
52-Week low 1885.00
P/E 27.59
Mkt Cap.(Rs cr) 6,599
Buy Price 2216.25
Buy Qty 10.00
Sell Price 2224.95
Sell Qty 4.00
OPEN 2280.50
CLOSE 2298.60
VOLUME 1765
52-Week high 2588.00
52-Week low 1885.00
P/E 27.59
Mkt Cap.(Rs cr) 6,599
Buy Price 2216.25
Buy Qty 10.00
Sell Price 2224.95
Sell Qty 4.00

Atul Ltd. (ATUL) - Company History

Atul Ltd. a Lalbhai Group company, was formerly known as Atul Products. It was promoted by Kasturbhai Lalbhai in 1947 and engaged in the business of manufacturing dyes and dye intermediates, agro-chemicals, aromatic like para-Anisaldehyde, epoxy resins and pharma intermediates. Gujarat Aromatics was merged with Atul in 1988-89, And Atul promoted two manufacturing companies, namely Atic Industries in 1956, and Cibatul in 1960. Atic Industries which was promoted in collaboration with ICI, UK manufactures Vat and other active dyes and Sulphuric acid. While the Cibatul which was promoted in collaboration with Ciba-Geigy, manufactures sulphur drug intermediates, resins and auxiliaries. In 1985, the company transferred its investments in Atic and Cibatul to a wholly-owned subsidiary, Ameer Trading Corporation and later in 1995-96 this Atic Industries was integrated with Atul. In 1986, the company took over the management of Piramal Rasayan through its 100% subsidiary and subsequently changed the name of the company to Amal Rasayan. Atul has also promoted Gujarat Synthwood to manufacture PVC Foam Sheets. Atuls other two fully owned subsidiaries apart from Ameer Trading are Anusandan Investments and Sharik Investment Pvt Ltd. In 1995, the company commissioned para-cresidine and para anisicaldehyde manufacturing plants. In 1995-96, the company was implementing a project to manufacture non-benzidine dyestuffs with a capacity of 1700 tpa and the company has commissioned the project for manufacture of para cresol in 1997-98. In 1996-97, the company issued 50,000 14% cumulative reedeemable preference shares of Rs 100/- each amounting to Rs 50 lacs. During the same year the agro chemicals and pharmaceuticals division obtained ISO 9002 certification for phenoxy and urea herbicides from TUV Bayern of Germany. In 2000-01, the company has initiated the plan of installation of third fluidisied boiler inorder to become self reliant in captive power generation.